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Gillanders Arbuthnot & Company Ltd

NSE: GILLANDERS BSE: 532716Metal

Incorporated in 1935, Gillanders Arbuthnot and Company Ltd deals in manufacture and sale of tea, yarn made out of Cotton, Man Made Fibres, Steel Structural, Pipes and Equipment and designing, supplying, erection and commissioning of projects on turnkey basis and letting out of property on Rent [1]

₹87
52W: ₹76 — ₹152
PE 39.8 · Book ₹128 · -32% vs book
Market Cap₹186 Cr
Stock P/E39.8Price to Earnings
ROCE4.1%Return on Capital
ROE1.73%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Stock is trading at 0.72 times its book value

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −Company has low interest coverage ratio.
  • −The company has delivered a poor sales growth of 0.26% over past five years.
  • −Company has a low return on equity of -0.88% over last 3 years.
  • −Debtor days have increased from 39.7 to 49.1 days.

Shareholding Pattern

Promoters69.05%
FIIs0%
DIIs0.31%
Public30.6%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters69.08%69.08%69.08%69.21%▲0.169.05%▼0.269.05%69.05%69.05%
FIIs0%0%0%0%0%0%0%0%
DIIs0.31%0.31%0.31%0.31%0.31%0.31%0.31%0.31%
Public30.58%30.57%▼0.030.57%30.43%▼0.130.6%▲0.230.6%30.59%▼0.030.6%▲0.0

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales945881121124877812310492
Expenses927784941141007910193103
Operating Profit2-19-32710-13-12211-12
OPM %2%-33%-4%22%8%-15%-1%18%11%-13%
Net Profit-3-23-72315-16-4176-14
EPS ₹-1.38-10.79-3.3910.577.14-7.27-1.927.922.8-6.62

AI Insights

Revenue Trend

Mar 2026 revenue at ₹396Cr, down 4.1% YoY. OPM at 5%.

Debt Position

Borrowings at ₹87Cr. Debt-to-equity ratio: 0.35x. Healthy balance sheet.

Capex Cycle

CWIP at ₹13Cr (6% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0.31% (+0.00pp change). FIIs: 0% (+0.00pp change). Promoters hold 69.05%.

Margin & Efficiency

ROCE declining from 6% (Mar 2015) to 4% (Mar 2026). Working capital days: 3.

Valuation

PE 39.8x with 4.1% ROCE. Price is -32% above book value of ₹128. Dividend yield: 0%.

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